Posts Tagged ‘Anti Money Laundering

January 1st, 2015

178 Billion in Fines

178 Billion in Fines 2014 has set a record for fines. According to an article in the Bank Rate 2014 has been the most expensive year on records for fines […]

December 1st, 2014

Over Reporting

Over Reporting A new hot topic is AML and SAR over reporting. Bankers and financial managers are both so spooked about not filing SAR’s and have such little knowledge of […]

October 1st, 2014

Issues For Custodians

Issues For Custodians Proper funds, trustees, and escrow companies all use the services of a custodian. A custodian is an independent entity that holds on to an asset, or the […]

September 1st, 2014

Exempt Entities

Exempt Entities There are a number of exempt entities from the BSA and AML requirements. Chief amongst these are government and quasi-government accounts. This is a surprise to many, but […]

August 1st, 2014

Russian Sanctions, A Panel Discussion

Russian Sanctions, A Panel Discussion Link to posted discussion This is a link to a very current discussion on Russian Sanctions hosted by Carrie Bekker, Leona Krasner,MariyaDekhtyar, with Ken […]

July 1st, 2014

Iraqi Dinar

Iraqi Dinar I have watched this rube of an investment idea for years. The heart of the rube assumptions is that the Iraqi dinar will be revalued upward. At 1,168 […]

May 1st, 2014

MTN Trading Programs

MTN Trading Programs There have been frauds since they first surfaced. But they, like  pesky Nigerian inheritance scams and lotto winnings, just do not seem to go away. An example […]

May 1st, 2014

Poaching, the Animal Trade and Money Laundering

Poaching, the Animal Trade and Money Laundering The video is an effort to share with our readers a bit more about the illegal trade in poached animals in East Africa […]

April 1st, 2014

NGO’s and Charities

NGO’s and Charities NGO’s and Charities have slowly evolved, under the radar, to become significant channels for laundering money. Charities alone in the US received 320 billion dollars. About 2% […]

April 1st, 2014

AML and OFAC Applies to State Governments

AML and OFAC Applies to State Governments I had a short conversation, off the record, with several investigators that work for state unemployment agencies. The common complaint was the inertia […]